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Search Results 0 to 49 of about 67 (some duplicates have been removed)
CNN
Dec 27, 2012 6:00am PST
for us to go over the fiscal cliff and then taxes will rise, right, but then congress will reconvene on january 3rd and vote to cut taxes. is that appliable solution in your mind? >> it kind of it, pretty much what i feel will happen. they have a little bit of wiggle room. the majority of this is not going to be felt until 2014 for the majority of the income tax rise so that causes congress to force them to make a deal knowing that we actually are operating under a higher tax rate right now, even though americans won't feel it, so it's almost like an additional leverage for those who actually want to make a deal and get something done. i just want somebody, like starbucks, we all need to come together. >> and quit kicking the can down the road, darn it. >> exactly. >> ryan thank you for being with us this morning. >> thank you. >> ryan has been with us all week tackling the fiscal effects on your pocketbook. tomorrow, what the fiscal cliff means for your retirement. >>> from the strange case of the technology pioneer john mcafee on the run to so many tragic shootings, we have the top
CNBC
Dec 28, 2012 9:00am EST
sides are looking at if fiscal cliff right now and saying, well, we could go over this thing. it wouldn't be the end of the world and that's a very different view in washington than it is on wall street. i can tell you that. >> eamon, thanks. i know you've got a long day ahead, a long afternoon as well. eamon javers in washington. >> isn't it unbelievable. you have this huge, looming problem, i'll wait until later this afternoon to deal with it. >> and the whole sequester was a way to deal with this later. and corker, i think, on some of the morning shows this morning, senator corker said the worst case today would be to set up another later deadline that would keep the hard questions -- >> and i think a lot of this is so abstract, but if those milk prices go up for people around this country, that's going to be the thing that gets people really animated. >> that and payroll taxes, if they go up, that will hit a lot of americans across the board. >> interesting to see a lot of the stocks today that have exposure to dairy futures, whether it's an hsy, who knows? i haven't even gone throu
CNN
Dec 31, 2012 2:00am PST
're going over the cliff. it's hard to tell. the expectation, even if we go over the fiscal cliff. right now, congress is still looking at trying to resolve this here in the next few days. so it's not as if we go over the cliff and stay there. there would be time to resolve the issue. that being said, we saw a whirlwind of negotiating on capitol hill. and right now, after things sort of didn't work out between mitch mcconnle and harry reid, the top republican and top democrat in the senate, they have shifted between mitch mcconnell and vice president joe biden. that's where all of the action is right now. keeping the speaker of the house john boehner abreast of what's going on. keeping harry reid abreast of what's going on and keeping president obama abreast of what's going on. we heard from senator reid yesterday that they are very far apart. not just talking on the threshold, initially president obama said $250 mi,000. there is talk to bumping that to $400,000. republicans want to know how we pay for it. there are farm subsidies, the doc fix. and spending cuts. so there is a lot to be reso
CNN
Dec 28, 2012 8:00am PST
is that going to do to the fiscal cliff negotiations? >> right, there are a couple deadli deadlines actually coming up. january 2nd is the last day of the current congress. any bill that's been submitted, especially the bills that have been passed, the deal with the fiscal cliff, those bills would be worthless. they would go into paper and everything would have to start from scratch. the new congress would have to start a bill and start the process from the beginning. now there are some tricks that congress has to try to speed things up when it wants to. so to some degree, it's not that big of a deal. if there was a deal in the offing, january 3rd, enough votes for it, they could get around the hurdles. but i'm glad you brought up the deadlines because another one is tomorrow. unemployment benefits run out tomorrow for 1 million people. not true. the unemployment portion of the fiscal cliff actually hits us tomorrow. and that's when 1 million people are estimated to see unemployment benefits run out. and tomorrow is also the day that the house will return. i know we said that democrats shame
CNN
Dec 29, 2012 7:00am PST
somebody's having a laugh out there about this fiscal cliff business. >>> all right. they're going to do it again. anderson cooper and comedienne kathy griffin, teaming up to usher in the new year from times square. let's say thing got weird last night on "the situation room" when the two were promoting their new year's eve special. look at this. >> somebody tells me, and i'm not sure this is true, somebody tells me that you're obsessed with wolf blitzer. and yet every year it's me talking to you guys because i'm doing blitzer's show. i'm wondering, is that -- do you take it personally, do you think there's something to this? >> i have -- >> i think wolf is wise to stay away from kathy griffin because i once -- i don't know if you know this story, cathy -- candy. i lent -- kathy griffin one asked to come to my house in long island. and like a nice guy, i sent her a key because she wanted to go there a day in advance. and that night -- >> to clean up the place. >> no, first of all -- she arrived, she was terribly disappointed. i think she thought it would be like a house in downtown abbey
CNN
Dec 28, 2012 1:00pm PST
the fiscal cliff. right now, the leaders of the house and senate are sitting down with president obama in a search for an 11th hour deal to prevent severe tax hikes and spending cuts from automatically kicking in with the new year. cnn's chief white house correspondent jessica yellin is getting new details. jess can ka, what are you hearing about that meeting? >> reporter: candy, the president is going to explain or reiterate the position he took on friday, that he would like a plan that extends tax rates for people who make $250,000 and below but raises them for those who make more than that. that it extends unemployment benefits for americans. and if the president, i'm told will say if he does not get an agreement to that plan, he will ask the other leaders what they can agree to, what what they would like instead. if they cannot come up with a proposal that will pass the house and the senate, will ask for a vote on his measure. but that meeting, candy, is still going on. congre congressional leaders arrived at the white house for a last-ditch meeting just days before a new year's de
CBS
Dec 28, 2012 6:30pm EST
, and the legislation they came up with, jeff, contributed to the fiscal cliff that we're facing right now. >> glor: the president says this just keeps happening again and again. nancy cordes, thank you. income taxes won't be the only taxes going up, if there's no agreement. estate taxes paid by those who inherit property will also jump. here's john blackstone. >> reporter: jeff page owns 120-acre vineyard in california's napa vail vale but when his great-grandfather started farming here in the late 1800s, this was cattle country. >> both sides of the family came in before the turn of the century, and farmed orchard fruit and cattle. >> reporter: but much of the land she grew up on is gone, sold to pay estate taxes after his grandfather's death. had land back in the hills over there? >> yeah. >> reporter: had to sell it all. >> had to sell all of it? >> reporter: estate tax? >> yes. >> his grandfather died in 1972 when estate taxes were at an all-time high, 77%. >> it was a big tax bill. it was half a million dollars we sold off 150 acres, gave us something to pay the tax with. >> reporter: now, je
CNN
Dec 28, 2012 11:00am PST
that they are getting something done, the fiscal cliff meeting at the white house right now. what were the mechanics of rushing the deal through congress and getting it passed into law? what would that look like in four days? lisa desjardins joins us now. what will it look like? >> well, there is a couple of possibilities, don. one is that they take sort of the remnants of one of the bills that passed the house or the senate and they just change it. they add whatever is in this deal to it. they have a whole bunch of vehicles that are possible for that. one sticking point, because this deal would most likely deal with taxes, there is a rule in the constitution that is has been interpreted by most every side to determine it has to begin in the house, revenue measures begin in the house. they need a bill that starts in the house, okay, they have a lot to do that. then the trick is making sure they have the votes. i think if we see anything come out of tonight's meeting, anything substantial, that's what is going to happen this next day and a half. leaders on both sides have to make sure they have got t
FOX News
Dec 31, 2012 8:00am PST
minute talks to avoid the fiscal cliff. barbara boxer is talking right there on the senate floor of the house and senate both in rare new year's eve sessions today ahead of the deadline that triggers across the board tax hikes with dramatic cuts in military and domestic spending. joining us now bob cusack the manage evening editor of the hill the. great to have you here today. >> great to be here. >> many americans are frustrated that congress has taken us to the brink once again with little or no progress. what are you hearing at this moment? is there progress at this time? >> well, we are hearing that there has been progress between vice president biden and senate minority leader mitch mcconnell. still we are nearly 12 hours from the cliff. we don't have a bill. there has actually been a stunning lack of urgency on cant toll hill. on the default showdown, the government shut down there was more urgency. here there just isn't that urgency, maybe because the markets haven't been the roller coaster we thought they would be. eventually people will see less money in their paychecks
CBS
Dec 26, 2012 4:00am PST
%. superstorm sandy and the looming fiscal cliff disrupted the shopping season. >>> and if you are returning my holiday gifts, have your right and a lot of patience. usa today reports 14 of 25 on-line retailers in one study are issuing refunds slower than last year. for in-store returns some retailers have shortened return windows and are charging restocking fees, especially for technology. >> thanks. >>> straight ahead on your morning wednesday news, weather is coming up, and lebron james takes it to the oklahoma city thunder in a rematch of the nba final. aww man. [ male announcer ] returns are easy with free pickup from the u.s. postal service. we'll even drop off boxes if you need them. visit usps.com pay, print, and have it picked up for free. any time of year. ♪ nice sweater. thank you. ♪ ♪ i got it made, i got it made ♪ ♪ i got it made fresh at subway ♪ ♪ breakfast made the way i say ♪ [ male announcer ] at subway, you got it made. try a steak, egg white & cheese, tricked out any way you want. subway. eat fresh. but the acidic levels in some foods can cause acid erosion.
FOX News
Dec 28, 2012 8:00am PST
's handling the fiscal cliff. republicans in congress are in the mid-20s. >> that's right, there's no question about that, tremont. obama has done a much better job of positioning himself to take advantage of the fiscal cliff. he has painted republicans is only caring about their millionaire and billionaire friends. taking hostage the people of america. you have steny hoyer saying that republicans want to take children hostage and threatened to shoot them. this is vilifying republicans and it has been incredibly effective. in the short term, absolutely, the president is set to take advantage of this. tax increases, massive tax reductions to the military. republicans really stand and the notion is appalling about who wins, but the republicans win because the economy is going to go out yet another fiscal cliff. george w. bush is not the president. obama is the president, he is not putting forth proposals to work with republicans. he will have to take ownership of this. they need to come up with a cohesive message about real economic growth and shrinking the size of government. they don't have a
CNN
Dec 29, 2012 11:00am PST
. >> a game of beat the clock. right now on capitol hill, and you guessed it, it's fiscal cliff countdown time. senate leaders on both sides now trying to reach a deal to prevent a huge tax hike on the middle class come the first of the year. senators warn that is not going to be easy. >> i'm going to do everything that i can. i'm confident senator mcconnell will do the same. but everybody, this is whatever we come up with is going to be imperfect. some people aren't going to like it, some people will like it less, but that's where we are, and i feel confident that we have an obligation to do the best we can and that was made very clear in the white house. we're going do the best we can for the caucuses that we have and the country that's waiting for us to make a decision. >>> paul bran disis the bureau chief of the west wing report in washington. and paul, you are a well-known veteran of all things washington. what is really going on behind the scenes right now as we wait to learn if they can reach a compromise or not? >> you know, the sound bite you ran at the top of this piece just i think
CNN
Dec 29, 2012 4:00pm PST
to avert the fiscal cliff. on saturday, the president was at work here in the white house, but all eyes were on the senate where negotiators were trading deal points in trying to reach an agreement. any bipartisan bill has to include a extension of unemployment benefits that would effect 2 million americans and an increase for taxes for the highest income workers. >>> now, while that. negotiation is continuing, the president has asked senate majority leader, harry reed to prepare an alternative bill to have ready to put on the senate floor as early as sunday. that bill would raise taxes on households that earn $250,000 or more. that is a democratic proposal and you can expect that republicans would block it, so think of that less as a stop gap measure and more as a political move to sthift the failure of responsibility to the republicans just as the nation approaches the hour of republic -- the hour of reckoning. >> the nation's capitol could see snow of 3-5 inches tonight. washington not alone, these pictures are from indiana, they are see issing more snow than the blizzard that hit ea
FOX News
Dec 31, 2012 6:00am PST
? gregg: congressional leaders are on the floor right now talking about the fiscal cliff. this after senate majority leader harry reid said, yesterday, a significant distance remains in negotiations on resolving this. notwithstanding then about 48 hours of intense talks about spending and social security. >> i was really gratified to hear the republicans taking their demand for social security benefit cuts off the table. the truth is they should have never been on the table to begin with. there is still significant difference between the two sides but negotiations continue. >> i'm concerned about the lack of urgency here. we all know we're running out of time. this is far too much at stake for political gamesmanship. we need to protect the american families and businesses from this looming tax hike. everyone agrees that that action is necessary. gregg: steve hayes, is the senior writer for "the weekly standard" and a fox news contributor. steve, great to see you. the deal being bandied about right now to raise taxes on higher earners actually doesn't appear to do anything to fix the
CNN
Dec 26, 2012 6:00am PST
. the fiscal cliff might seem extremely large right now. we look at the more long-term view, a small blip on the overall screen. we'll see a lot of volatility but can you deal with the volatility and if it's causing to you lose sleep it might have an indication you might want to make some changes. >> it's hard not to have a knee-jerk reaction. before we get to that talk about tax deferred accounts. how will the fiscal cliff affect them. >> this is the beautiful part about this is that the biggest concern individuals are having that we've worked with and talking to, what is going to happen with my taxes? what is going to happen with my dividends taxes, capital gains? so the best part about it, if you're dealing with non-qualified accounts you might have to be concerned about that but qualified accounts or tax deferred accounts such as your 401(k)s and individual retirement accounts, roth and traditional, these accounts are tax deferred and many 509 plans, college savings plans, different types of concept are tax deferred and some are tax free such as 529 so maximize this and eliminates the
CNN
Dec 28, 2012 6:00am PST
"newsroom" begins right now. >>> happening now in the newsroom, you know the fiscal cliff is fast approaching, but do you know how the u.s. got into this latest economic crisis? we have the answer. >>> chicago suffers a grim milestone. 500 homicides this year alone. later this hour, we'll talk to reverend jesse jackson about the probl problem. >>> we'll take you to the kennedy space center for an inside look at the museum. >>> and reviewers are raving about microsoft's latest updates but chances are you aren't even using it it. we'll explain this tech disconnect. newsroom starts right now. >> good morning. i'm victor blackwell. we're starting with you, your money and your taxes and that cliff. we're just four days from the fiscal cliff. this afternoon in the 11th hour, this is when it always happens, there's a high-stakes meeting at the white house. at the table, president obama and congressional leaders. the goal is to reach an agreement. but the roots of this current crisis can be traced back to the previous administration. cnn's chief business correspondent has a look at how we
ABC
Dec 24, 2012 2:05am EST
that town right now. also this morning, a rather dire prediction about the fiscal cliff and what might happen when lawmakers return later this week. it's a pocketbook issue for all of us. >> some people are expecting to maybe go right over that cliff. >>> and later this half hour, the christmas edition of our insomniac play list. putting a new spin on some of the old christmas classics. >>> topping our news right now, the nra is not backing down from its call to place armed officers in the nation schools. >> congressman chris murphy calls it revolting. >> reporter: from the brooklyn bridge in new york to the sidewalks of falls church, virginia, anti-gun protests are springing up around the country. the debate on gun control has also triggered a run on gun shows and gun stores. sales are soaring as people rush to buy assault weapons before a possible ban. >> we're completely out of the so-called assault weapons. so they're buying up everything. >> reporter: an abc news washington post poll show as majority of americans continue to favor more restrictions on gun ownership. even sales of
ABC
Dec 26, 2012 5:00pm PST
with the latest storm track. >>> heading home. as we near that fiscal cliff, six days now until higher taxes for all. will there be a deal? also tonight, an abc news exclusive. barbara walters at the white house. asking michelle obama if she'll run for office next. and a personal question, too. >> how do you keep the fire going? >> hmm. that's a good question. >>> made in america.
FOX News
Dec 31, 2012 10:00am PST
in our fiscal cliff discussions is a lot of craziness, right? when money is out there and there is a limited amount of money you'll see a lot of weird things happen and you'll see that over a long period of time. this will not be the last headline you read about a municipality having to go through some sort of legal, you know, wrangling to try to get bond holders paid back or keep a pension going. that happens when you have a bad economy. and california is a terrible economy and the united states is right behind it. arthel: san diego figured it out. san jose figured it out. they restructured the pension payouts, why can't the other cities do that? >> that is a good yes question. and i think that's what it will come down to, who is running these organizations, why are they getting paid so much and who is making the decisions. at some point you'll see trustees come in and hopefully sounder minds. for right now you'll continue to hear this. even though san diego fixed theirs and san jose fixed theirs sometimes that is a little bit of -- we'll probably see that revis
FOX News
Dec 28, 2012 10:00am PST
, right? gregg: stay in bed. heather: more on the fiscal cliff. president obama and top congressional leaders set to meet at the white house in about 30 minutes in a last-ditch effort to avoid tax increases on nearly all americans and a fiscal crisis, but what we've heard so far a is lot of fingerpointing. no solutions. no signs of progress for president obama. this left haven't hour scramble represents a test how he would balance the power of his re-election with his commitment to compromise. so who is to blame if both sides can't bridge the divide? tara dowdell, democratic strategist, with former jim mcgreevey and david webb, accident cirrus xm patriot radio. good to see both of you. i want to begin with this. last night on fox news, this is what south carolina senator lindsey graham had to say about this meeting today. he said, quote, anytime you announce a meeting publicly in washington it's usually for political theater purposes. so, tara, is this all show? >> well i agree, obviously there is always some political theater going on in politics. i would say this year's oscar though
CNN
Dec 26, 2012 8:00am PST
? >>> fears of the fiscal cliff are taking some of the holiday cheer right out of wall street. cnn's alison kosik watching the post-christmas trading as well as a threat to the economy that could come even sooner than the cliff? let's start with the stocks, though. >> reporter: yes, stocks, very quiet today, very quiet session. not many investors in the game today. expect that to be the case the rest of the week. the fun tny thing, this is usuay the time we see the santa claus rally. the dow down 46 points. no deal on the if i'm not mistaken. that's spoiling the rally so far. it could be worse, though. we've seen much harsher reaction to all the congressional shenanigans in the past that could be a sign the economy is in better shape this time around. the s&p 500 is still on track for a 13% gain for the year. >>alison, what's the container cliff? >> reporter: the container cliff could be serious stuff. it could be a major threat to the economy. but it's also something that can be avoided. this container cliff is the name the national retail federation has given to this situation if workers
FOX News
Dec 25, 2012 7:00am PST
this fiscal cliff is really all about. we're talking about automatic tax cuts that will go into place as well as drastic, draconian cuts in entitlement programs, medicare, and even the military. the military can suffer very greatly if this goes through the sequestration. if you look at all this, you realize something has got to be done, because $2,000 per average taxpayer will be added to them over the course of this year if they fail to do something, what is going to happen? what is your prediction, brad? >> well, my prediction is, that we're likely to go over the cliff because the president also knows, kelly, in 2013 any deal made then can be retroactive to january 1st. so the draconian cuts we're talking about can be wiped away with the stroke of a pen should a deal be made. i believe the president believes he is in stronger position if he deal doesn't go through now because he believes he will have better leverage in january. kelly: sear lena? >> he has better leverage i agree with brad about that. he can come to congress after january 1 and pass tax cuts only for those making under $250,
FOX News
Dec 27, 2012 6:00am PST
, right after january 1st. gregg: we shall see. >> going over the fiscal cliff has been president obama's mission from the very beginning. the fact that he -- >> i don't believe that for a second. i don't believe it for a second. gregg: you reilly think he wants to do this. >> absolutely. because you ownly gets his way, he only gets his way if he backs us all up against the wall and says you have no choice. it is my way or the highway. that has been his negotiating. >> very sad somebody would talk like that and thing like that. >> it is i agree. happy new year. >> happy new year. gregg: not really. patti ann: well, panic at a shopping mall. wait until you see what happens, a 33-ton tank suddenly bursts. what is sent into the mall. we'll tell you. gregg: a final farewell for the firefighters shot dead while responding to a christmas eve fire. how a community is remembering them. how an officer is being hailed as a hero in helping to save others. >> at that point, i mean, i am no different than anybody standing in this room. i'm driving to work, you know. i am a police officer. i don't ha
CNN
Dec 27, 2012 11:00am PST
are right. it's about optics. if they are not there, it's easy to say we went over the fiscal cliff and we were here in washington working. that's what they are trying to get across here. coming back on sunday maybe doesn't look as bad when they were at work earlier in the week. we want to you listen to something harry reid said. a top senate democrat as you know. take a listen. >> john boehner caring more about keeping his speakership than keeping them on financial footing. it's obvious what's going on around here. he is waiting until january 3rd to get reelected to speaker before he gets serious about the negotiation. >> okay. dana, you don't have to translate that. it's about the blame game. >> of course it's all about the blame game. >> digging through, i know you were talking about any scaled back piece of legislation would look like and reports they got from republicans and the president told mitch mcconnell that he would get the details. that's where from the perspective of republicans where things stand. the president publicly said before he left for his vacation in hawaii since ev
FOX News
Dec 29, 2012 1:00am PST
'reilly. thanks for watching us. our top story tonight, the last ditch effort to avert the fiscal cliff. president obama met with congressional leaders for several hours at the white house today to try to hammer out a deal before taxes go up on more than 160 million americans. after the meeting, the president presented a new plan to avoid the cliff and said he was modestly optimistic. >> we had a constructive meeting today. senators reid and mcconnell are discussing a potential agreement where we can get a bipartisan bill out of the senate over into the house and done in a timely fashion so that we met the december 31st deadline. given how things have been working in this town we have to actually wait and see until it actually happens. the one thing that the american people should not have to wait and see is some sort of action. so if we don't see an agreement between the two leaders in the senate, i expect a bill to go on the floor. and i have asked senator reid to do. this put a bill on the floor that makes sure that taxes on middle class families don't go up, that unemployment insurance is stil
ABC
Dec 30, 2012 7:00am PST
't so high for the rest of us. >> that's right. two days left until we all go over the fiscal cliff, which would mean everyone's taxes will go up, and sharp spending cuts will go into effect. that could drive our economy back into recession. so let's go to abc news chief white house correspondent jonathan karl filling in today for george stephanopoulos as host of abc's "this week." >> hey, jon, good morning. i know today and tomorrow, obviously hugely important. can you sort of walk us through the potential order of operations? what could we see play out today and tomorrow? >> well, it is right down to the wire, dan. what's happening right now is harry reid and mitch mcconnell, the top democrat, top republican in the senate, are still negotiating their staffs at this hour. they are supposed to be working until about 3:00 this afternoon when the plan would be presented to both caucuses. as we understand what they are talking about is the bare minimum. basically the senate negotiating to extend those tax cuts for everybody making under $250,000 a year and to extend unemployment benefi
ABC
Dec 28, 2012 6:00am PST
. >> the american people have a right to be very upset with this congress. >> reporter: the fiscal cliff would bring massive tax increases and deep spending cuts. treasury department would have trouble paying its bills. many worry the financial woes would plunge the u.s. back into a recession. within possible effect of the fiscal cliff/fro, -- milk prices could spike two or three dollars a gallon because farm -- some are calling that dairy cliff. >>> 6:17. mike here tracking light rain.i. l >> i'd like to. >> here's mike with the weather. >>> thank you, hope you are having a great friday morning dry sky over san francisco from the east to sutro tower. light rain showing up off the sonoma county coast,oo8Ñ let's zoom down and show you highway 1 from to inverness looks like it is raining but not reaching the ground. sprinkles possible during the as air mass start to moisten under this flow from the west. best chance of light rain around noon and later this afternoon. until then, chilly, dress for temperatures in the 30s everywhere, except fremont, 41, oakland if you are san francisco 44, monterey bay
CNN
Dec 29, 2012 2:00pm PST
we go over the fiscal cliff or not, the debt is a huge problem. and it is not just lawmaker's crisis, it is ours too, some americans are not waiting for politicians to fix it. kyung lah met somebody who is doing something about it. >> reporter: in his garage, garcia is waiting to fix the fiscal cliff one can at a time. how much money have you sent the government? >> a little bit over $3,000. >> reporter: $3,197.88, to be exact. all tracked on a handwritten ledger. for the last three years, garcia has been paying the government $50 a month of his postal service pension and money from cans he collects. >> we are paying absolutely too much interest, too much interest. >> reporter: it really bothers you? >> it bothers me, because it makes no sense. >> reporter: sense is something garcia's wife of 59 years thinks her husband could use. do you think he is crazy? >> well -- >> reporter: call him crazy. but there is an entire federal office, the bureau of public debt that collects money from hundreds of mr. garcias. this office in parkersburg, west virginia, was set up by president kennedy s
MSNBC
Dec 29, 2012 12:00am PST
a fiscal cliff breaking filibuster, i think that's going to have effects that they're going to be very concerned about down the road. so we have kind of a filibuster window here, if the minority leader, if the republican leader will let us proceed that way. >> well, from your mouth to your 99 colleagues' ears, to be sure. >> yeah. >> let's take a listen at your leader, your senate majority leader reid after the meeting. >> i hope everything's a good sign. i've had my confidence destroyed on other occasions, so i hope it's not on this occasion. >> do you share harry reid's cautious optimism there? >> yeah, i think so. he and minority leader mcconnell work together day in and day out. harry is a very good negotiator, who is very familiar with these issues, and we don't, in the senate, have the same issue of the huge tea party caucus in the house that the speaker, frankly, can't get a majority of his party together, because of. so you really have such a dysfunctional republican party in the house that the president had no place to turn, but to let these veteran legislators, these veteran
ABC
Dec 24, 2012 4:00am EST
the economy from going over that now infam mouse fiscal cliff. members of congress are still pointing firngs over who is to blame for the lack of progress. meanwhile, connecticut's independent senator, joe lieberman expects congress to work right up until the new year's eve deadline. he's not sure that will be enough. >> it's first time i'm more likely that we'll go over the cliff than not. if we allow that to happen, it will be the most colossal consequential act of congressional irresponsibility in a long time. >> the president and congress are on short holiday breaks. they're due back later in the week. one possibility in all of this mess is a partial deal on taxes while putting off agreement on spending until some time down the road. >>> former president george h.w. bush may be spending thanksgiving in the hospital. he's been there since thanksgiving. he's battling bronchitis and a lingering cough. >>> south africans are sending warm wishes to former president nelson mandela. he's been in the hospital f two weeks with a lung infection. he's said to be in no imminent danger. he's 94 years
FOX News
Dec 27, 2012 8:00am PST
obama cutting his vacation short to avoid the fiscal cliff but house speaker john boehner says the people who need to take action are not in the oval office. >>> as the investigation continues into the deaths of four americans in libya we're learning people who were initially blamed are back on the payroll with little or no punishment. >>> unbelievable video. some aquariumgoers getting way too close to a real live shark. as close as you can get without becoming dinner. it is all "happening now." harris: hello, everyone, i'm harris faulkner, in today for jenna lee. jon: nice to have you up here in the big studio instead of down in the newsroom. harris: good to be here. jon: i'm jon scott. there is deadly weather pounding the united states. a powerful winter storm bringing snow and driving rain to the northeast. blizzard conditions in some areas. it is the same system that brought winter storms and tornados to the south and midwest. at least 12 people have died in this system. we're seeing major travel problems today as well. some areas are getting slammed all night long. anna ko
MSNBC
Dec 27, 2012 8:00pm PST
unchained." >> what's your name? >> django. >>> with little more than four days until the fiscal cliff, we now know that all the relevant parties will be in washington in three days. that's right. three days from now. on sunday evening before the redskins beat the cowboys. the house will finally reconvene. why? is it to finally strike a deal? honestly, no one knows. but one thing is certain. house speaker john boehner and his fellow republicans could no longer weather the incredibly bad optics of sitting at home while the president of the united states and the senate were in washington. president obama arrived back at the white house this morning. the president will host a meeting tomorrow afternoon with senate majority leader reid, senate minority leader mcconnell, speaker boehner, and leader pelosi at the white house. senate majority leader harry reid took to the senate floor this morning to, shall we say, let boehner have it. >> if we go over the cliff, and it looks like that's where we're headed, mr. president, the house of representatives as we speak, with four days left after today b
FOX News
Dec 28, 2012 3:00pm PST
-minute agreement, none will see the picket signs sunday. >> economist worried if we do go off the fiscal cliff, it's now averted strike would have combined for a deadly one-two punch to the u.s. economy. now the overall deal is at 100% signed off on by februar february 6, then we are right back to where we were this morning and again the national retail federation and the florida governor rick scott will be urging president obama to prevent a strike invoking the tap partly act and something not done since president george w. bush did it in 2002. back to you. >> doug: phil keating in miami. the so-called milk cliff that would also kick in to effect the lawmakers can't avoid the fiscal cliff they be averted now. hill source tells fox news and the senate agriculture leaders working on a year long extension of all farm programs. the source noted that the truman era law is so old it would take weeks to implement. even if the old law expires don't expect immediate spike if milk prices. >>> congress is still working to find agreement on the $60.4 billion emergency spending bill for hurricane sandy victim
FOX News
Dec 31, 2012 12:00pm PST
: fiscal cliff. in more of that. okay? >> stop it. that does it for us. tonight is the big new year's eve special. happy and healthy new year. trace is here for shepard smith on "studio b" right now. >>trace: the news begins anew on "studio b" today. president obama moments ago taking the stage to say a deal on the fiscal cliff is in sight but no compromise so exactly where do we stand in what does it mean for your war let? secretary of state, hillary clinton, in the hospital, with a blood clot week after reportedly sustaining a condition cushion in a fall. we will have the latest on that coming up. al qaeda group in yemen offering a huge reward to anyone who kills the u.s. ambassador to that country. that's all ahead unless breaking news changes everything. this is "studio b." >> first from fox at 3:00, president obama says congress is close to striking an 11 the hour deal to keep our nation from plunging off the fiscal cliff but he says the two sides still have ground to cover and the time is running out. that one-two punch that will kick in, hours from now, on january 1, and if the pre
CNN
Dec 27, 2012 4:00am PST
're at in the system right now. >> it's all about the fiscal cliff, guys. schultz says this is a way to, quote, send our elected officials a respectful but potent message. interesting way to do it. >> the problem with the starbucks, they'll cut a deal. >>> let's talk about sports, shall we? call him a bad quarterback but do not call him a bad teammate. tim tebow firing back after a report that said he asked to sit out some offensive plays on sunday after being snubbed for the jets starting quarterback job. espn says tebow was so upset with the perception that he quit on the team that it dampened his christmas. as for tebow, he will likely be out of new york by next year, headed to presumably the jacksonville jaguars, his home team. but you know what this is? world's smallest violin. you think i feel sorry for him? >> especially with $5 million after being traded from denver. come on, tim, you're terrible. >> oh! >> he's got a lot to say. >> back to the dinner topic right now. as we have told you, president obama lands in washington today, back from hawaii to take part in negotiations over the f is c
MSNBC
Dec 28, 2012 3:00am PST
will avoid the fiscal cliff. if it doesn't, we're no worse off than we are right now in trying to find another alternative. >> congressman, i want to ask you a question and throw the ball forward a little bit. once we fingers crossed get over the cliff, i'm really interested in the republican party and what the policy solutions are and what the policy answers to the shrinking of the middle class, to inequality, to the really big picture growth questions in this country that are going to continue on. so far the answers have been tax cuts, but trickle down hasn't been working for some time. i wonder what you think about that and how that will unfold. >> that's a critical question, and i was listening to your earlier conversation. the dpakt of the matter is there's a powerful segment among the house republicans who just want to totally ignore the outcome of the past laekdzs. it's one thing to disagree on policy and another thing to try and use your power to simply obstruct the process. we see people that want to obstruct the process. speaker bayne her is giving them the power to do that.
FOX Business
Dec 27, 2012 8:00pm EST
off the table for the current phy fiscal cliff. >> do not cut social security. tom: many democrats pushing to keep social security off of the table in debt talks, we learn that the program is $48 billion in the hole for 2012, and small business authority barry sloan said that the entitlement programs are what got this country in this mess in the first place. i don't think that people pay attention to that. in the greenspan era they bumped up payroll taxes for excess money going in. about this is first time there are fewer people putting in than taking out. so government has to write a check. >> it is unfortunate, the lockbox was raided. there is nothing wrong with entitlement programs, but it is the growth of those programs that are problematic. with respect to social security, we're all living longer, people need to work a little bit longer, and social security will be there for many generations if we're prudent about it 9. tom: this is the third rail, even president bush could not get social security reform done, don't touch it, is the message in wor washington. >> you don't have
FOX News
Dec 24, 2012 10:00am PST
of this country, not about the welfare of a political party. gregg: all right. brad, the fiscal cliff is one of the reasons why people are so incredibly gloomy about the future, and, you know, dick's making the point here when speaker john boehner can't even get his own party to follow him and put up a vote on his plan, i mean, aren't republicans equally to blame for the public's profound pessimism? >> well, we have a divided nation, that is for sure. this president has not done his job in leading, and had he done his job in leading especially in the fiscal cliff, he wouldn't be in hawaii now, he'd be in washington making sure that we had a deal -- gregg: has boehner done his job? >> boehner has done a great job in trying to lead republicans to a solution. gregg: seriously? >> absolutely. gregg: he can't even get a vote on his own plan, come on. >> here's the problem, gregg, is we have a president who basically says it's his way or the highway, and republicans are saying, no, we will raise revenue, but we won't do it at the expense of spending. our problem is a president who loves to spend m
CBS
Dec 27, 2012 5:30pm PST
negotiations as they have been during the holidays on a bill to possibly avert the fiscal cliff. those talks i'm told did not make much progress. the face-to-face conversations may fact create the possibility of a breakthrough. but right now the president has no new proposals to give his congressional leaders. he will stick with what he told the nation on friday-- raise income taxes for households earning more than $250,000, extend unemployment benefits for those americans out of work for more than six months, and try to find some other means to avert the fiscal cliff before that deadline, and tomorrow, may give us a glimmer of hope but as i said, the white house does not consider this a breakthrough, but everyone is and will be talking. >> glor: major garrett at the white house. thank you. all of this uncertainty is already affecting the economy. today, a closely watched business group reported consumer confidence has declined for a second straight month, a sign americans may continue to hold back on spending. consumers won't like what they see at the supermarket if congress doesn't pass a ne
FOX News
Dec 26, 2012 10:00am PST
a fiscal cliff that threatens a double dipper? we'll be right back. constipated? yeah. mm. some laxatives like dulcolax can cause cramps. but phillips' caplets don't. they have magnesium. for effective relief of occasional constipation. thanks. [ phillips' lady ] live the regular life. phillips'. heather: welcome back. a heartbreaking story on one of the victims in newtown, connecticut. according to "the new york post," a heroic teacher's aide who died shielding a student during the shooting, was buried wearing the engagement ring that she was supposed to get for christmas. rachel davino's boyfriend was planning on proposing christmas've, but his dreams were shattered when the 29-year-old was gunned down. rachel was one of the 26 women and children killed on december 14th when a gunman opened fire inside sandy hook elementary school. twenty of the victims, children. ♪ gregg: new signs the economic recovery has actually stalled, the holiday shopping season turned out to be a bit of a bust for the retailers. 2012 saw the worst year-over-year performance since 2008. sales of electronics, c
ABC
Dec 31, 2012 7:00am PST
on the fiscal cliff. just a matter of hours until we officially go over the edge. still no deal in sight. lawmakers scrambling this morning to put together an 11th-hour compromise or we'll be ringing in higher taxes along with the new year. jonathan karl is in washington. good morning, jon. >> reporter: good morning, dan. with taxes set to go up at the stroke of midnight. talks went late into the night and will continue this morning. as washington teeters on the edge of the fiscal cliff, there is still no deal. as talks continued overnight, a voice of frustration erupted on the senate floor. >> something has gone terribly wrong when the biggest threat to our american economy is our american congress. >> reporter: the republican and democratic senate leaders negotiated all weekend long. the talks hit a brick wall. harry reid saying he was unable to even counter the latest republican offer. >> at this stage, we're not able to make a counteroffer. it appears that there are things that stop us from moving forward. >> reporter: that prompted mitch mcconnell to call for a lifeline. >> i also p
CNN
Dec 26, 2012 1:00pm PST
'll see, right? >> that's right. and we'll see also on the fiscal cliff. and the fiscal cliff standoff here in washington is frustrating the ceo of starbucks. he is asking some of his employees to help promote a deal. >>> and children in need of a home are caught in the middle of a dispute over human rights. people really love snapshot from progressive, but don't just listen to me. listen to these happy progressive customers. i plugged in snapshot, and 30 days later, i was saving big on car insurance. with snapshot, i knew what i could save before i switched to progressive. the better i drive, the more i save. i wish our company had something this cool. you're not filming this, are you? aw! camera shy. snapshot from progressive. test-drive snapshot before you switch. visit progressive.com today. progresso. in what world do potatoes, bacon and cheese add up to 100 calories? your world. ♪ [ whispers ] real bacon... creamy cheese... 100 calories... [ chef ] ma'am [ male announcer ] progresso. you gotta taste this soup. >>> the ceo of starbucks is pleading with officials here in washingt
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